Iran Focus: Tehran, Iran, Nov. 28 – Iran launched on Wednesday on its southern shores its second domestically-produced light submarine, state media reported.

Reuters: Sri Lanka has borrowed $1.5 billion from Iran to fund infrastructure projects, including an expansion of the island’s only oil refinery, officials said on Wednesday.

AP: President Mahmoud Ahmadinejad said Wednesday the U.S.-hosted Mideast peace conference was a “failure” and that Israel is doomed to “collapse,” lashing out at the Annapolis meeting that is widely seen as isolating Iran.

AFP: Iranian President Mahmoud Ahmadinejad on Wednesday predicted that Israel would not survive, as he lashed out at the US-hosted conference seeking to relaunch the Middle East peace process.

Reuters: Iranian gas is neither needed nor sought to make a planned European Union pipeline from Turkey to central Europe viable, a European Commission spokesman said on Tuesday.

Canadian Press: Stephan Hachemi reacted skeptically Tuesday to news that Iran’s Supreme Court will begin a new investigation into the death of his photojournalist mother four years ago.

Iran Focus: Tehran, Iran, Nov. 28 – Iran will unveil a new light submarine on Wednesday on its southern shores, state media reported.